Large Outflow of Money Witnessed in Sysco Corporation

Sysco Corporation (SYY) managed to stay afloat and traded higher with an addition of 0.01 point or 0.02% at $52.47. The money flow data is a negative $(-2.49) million with $4.56 million in upticks and $7.05 million in downticks. The intraday up/down ratio came in at 0.65. The shares has seen -0.44% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $2.72, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-2.72) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Sysco Corporation has lost 1.89% in the last five trading days and dropped 5.43% in the last 4 weeks. Sysco Corporation is up 8.82% in the last 3-month period. Year-to-Date the stock performance stands at -5.43%. Sysco Corporation (NYSE:SYY) witnessed a decline in the market cap on Wednesday as its shares dropped 0.78% or 0.41 points. After the session commenced at $52.18, the stock reached the higher end at $52.63 while it hit a low of $52.04. With the volume soaring to 3,448,755 shares, the last trade was called at $52.05. The company has a 52-week high of $57.07. The company has a market cap of $28,468 million and there are 546,931,310 shares in outstanding. The 52-week low of the share price is $41.4.

Company has reported several Insider transactions to the SEC, on Jan 19, 2017, William J Iii Delaney (Chief Executive Officer) sold 30,000 shares at 54.96 per share price.On Jan 19, 2017, Russell T. Libby (Executive Vice President) sold 22,217 shares at 54.89 per share price.On Jan 10, 2017, Robert S Charlton (Executive Vice President) sold 33,480 shares at 55.67 per share price.

SYSCO Corporation Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.09. Analyst had a consensus of $0.58. The company had revenue of $13968.70 million for the quarter, compared to analysts expectations of $13891.61 million. The companys revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.SYSCO Corporation was Initiated by RBC Capital Mkts on Jan 25, 2017 to Sector Perform, Price Target of the shares are set at $47.SYSCO Corporation was Upgraded by Goldman to Neutral on Dec 9, 2016. SYSCO Corporation was Downgraded by Credit Suisse to Neutral on Nov 16, 2016. SYSCO Corporation was Upgraded by BofA/Merrill to Buy on Nov 8, 2016. Company shares were Reiterated by Pivotal Research Group on Nov 8, 2016 to Hold, Raises Price Target to $ 53 from a previous price target of $45 .

Sysco Corporation is the largest North American distributor of food and food related products to the foodservice or food-prepared-away-from-home industry. The company provides its products and services to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.

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